EOG Resources Inc

EOG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$456.00	Plynmq	Jjgctzdm

EOG Earnings: Low-Cost Production Continues to Drive Operating Results

Joshua Aguilar

May 3, 2024

Following narrow-moat-rated EOG's first-quarter results, we raise our fair value estimate by roughly 3% to $120. The raise was due to a slight production beat and time value of money. Total daily production came in at nearly 1,029 thousand barrels of oil equivalent relative to guidance of 1,020 mboe/d.

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